HKMA to invest more in higher-risk funds: FT

ChrisOliver

HONG KONG (MarketWatch) -- The Hong Kong Monetary Authority will put some of its reserves into hedge funds and private equity in the search for higher returns, the Financial Times reported Wednesday, citing people familiar with the matter. The report said private-equity firm KKR has already received some funds from the authority, while Bain and Blackstone Group
BX, -0.38%
have also received investments or held talks on the issue. The HKMA, which operates similar to a central bank, is also considering investing more of its funds in mainland China.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.